Product Overview

Personal loans are more popular than ever. According to consumer credit data from Equifax, personal loan originations in 2018 were $95 billion, an increase of 15 percent over 2017. Despite this, many lenders still have trouble attracting customers with the most competitive offers.  To remain competitive, financial institutions must extend credit offers  to more applicants with greater confidence.

Insight Score for Personal Loans provides greater predictive power helping you expand markets, increase conversion rates and better serve your customers.

Benefits include:

  • Expanding market - layering alternative data to augment risk scores and widen pool of prospects 
  • Greater predictive power -  using advanced data science techniques such as trended data, NeuroDecision Technology (NDT) and explainable AI, to improve accuracy
  • Better customer servicing and retention -  improved targeting to ensure you make the most competitive offer and provide a frictionless customer experience
More
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Alternative data sources, such as communications, pay TV and utility payment history to augment risk scores and widen pool of prospects
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NeuroDecision® Technology (NDT) and explainable AI, to improve accuracy
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Configuration options to make the most competitive offer, improve targeting and better service customers
The Unsecured Personal Loan Market Is HOT
$ 95 Billion in Originations in 2018 Alone*
The 3 Key Benefits of ISPL
to Compete for More Personal Loans Business

 

 

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